ST Engineering Annual Report 2020

2020 2019 $’000 $’000 Net cash from operating activities 362,625 132,400 Net cash used in investing activities (90,801) (476,793) Proceeds from sale of property, plant and equipment 35 109 Proceeds from sale of an investment 42 – Proceeds from disposal of an associate – 648 Purchase of property, plant and equipment (35,438) (60,851) Investments in a joint venture – (13,813) Acquisition of controlling interests in subsidiaries, net of cash acquired – (361,217) Additions to other intangible assets (55,440) (41,669) Net cash (used in)/from financing activities (129,815) 358,043 Repayment of bank loans (2,175) (28,865) Repayment of related parties loans (22,582) (4,676) Repayment of loans by a related party – 30,076 Repayment of loans to a joint venture – (4,000) Proceeds from bank loans 2,175 – Proceeds from related parties loans 23,480 424,330 Loans to a related party (404) (31,120) Repayment of lease liabilities (20,828) (14,453) Proceeds from finance lease receivables 223 – Dividends paid to shareholder (100,000) – Interest paid (9,694) (13,494) Deposits (pledged)/discharged (10) 245 Net increase in cash and cash equivalents 142,009 13,650 Cash and cash equivalents at beginning of the year 79,126 64,117 Exchange difference on cash and cash equivalents at beginning of the year 1,527 1,359 Cash and cash equivalents at end of the year 222,662 79,126 SECTORAL FINANCIAL REVIEW – ELECTRONICS (CURRENCY – SINGAPORE DOLLARS) STATEMENT OF CASH FLOWS / ST ENG I NEER I NG 292